WorldStock market started the day with rising

Stock market started the day with rising

At the opening, the BIST 100 index increased by 3.55 points and 0.24 percent compared to the previous close and rose to 1,475.62 points.

The banking index increased by 0.32 percent and the holding index increased by 0.35 percent. Among the sector indices, insurance was the highest earner with 0.50 percent, and tourism was the only loser with 0.12 percent.

BIST 100 index continued its positive course yesterday and closed the highest in 5 months with 1,472.07 points, gaining 0.95 percent value.

Analysts stated that the search for direction continues after mixed signals from macroeconomic data and increasing uncertainties in global stock markets, and said that money inflow and positive divergence attracted attention due to relatively cheap pricing in Borsa Istanbul.

Analysts said that today, in addition to the domestic 2nd quarter growth data, the manufacturing industry Purchasing Managers Index (PMI) to be announced worldwide and the ADP private sector employment data in the USA are in the focus of investors, the analysts also said that today’s news from the meeting of the Central Bank of the Republic of Turkey with investors and economists. He also said he would follow up.

Analysts noted that technically, if the BIST 100 index is maintained above the 1.470 level, 1.490 points are in the position of resistance, and in the downward movements, 1.440 points are in the support position.

Economists participating in the survey conducted by AA Finans expect the Gross Domestic Product (GDP) to increase by 21.8 percent in the second quarter. The average of economists’ growth expectations for 2021 was 8.1 percent. The Turkish economy grew by 7 percent in the first quarter of 2021.

. (HAS) is published on the Anadolu Agency website, in summary. ..


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